UK Company Law Essay Example | Topics and Well Written Essays - 2500 words

UK Company Law - Essay Example However, the section 172 of CA 2006 is itself a novelty which includes an explicit duty to promote the growth of the company successfully. Further, it also contains a new notion of â€Å"open-minded or enlightened shareholder value†. Whether a director of a company can be held accountable for any fiscal losses to the company due to their wrong decisions by the shareholders of the company? Under the UK Companies Act, shareholders including minority and institutional shareholders can now initiate legal action against erring directors or directors to whom hefty pay packages are being offered without relevance to their performance through derivative actions or through unfair prejudice clause. As the Institutional shareholders and the public grow angrier and angrier over the almost unimaginable riches that FTSE bosses are ranking in, the sudden spurt in shareholders’ activism in UK in recent days is being felt like the ‘shareholder spring’ had finally sprungâ₠¬â„¢. ... Institutional Investors and Minority Shareholder’s Activism in UK-An Analysis Under section 173 & 174 of the Companies Act 2006, though the directors of a company are appointed and ousted by shareholders, but the directors do not have any duty of care to any individual shareholder. It is to be observed that the duty of care by the directors is to the whole of the company’s stakeholders and is not applicable to a shareholder only to the magnitude of their investment held in the company, and thus the director’s duty of care is confined to the capital and not to any individual per se. Further, earlier, the shareholders are having every right to pass resolutions at a general meeting to restraint directors of a company but such resolutions are not binding on company directors, and it is advisory in nature only. For company directors, maximising the wealth of the shareholders is not a legal mandate but only an idealised norm of conduct. The directors are not expected t o answer only to the shareholders but also accountable for other stakeholders of the company like creditors, customers, employees, local community and suppliers. (Haynes, Murray & Dillard: 57). Under UK corporate law, there exist no explicit defence or business judgment rule as a safe harbour provision for commercial decisions taken by the directors of a company. However, the absence of any explicit provision in this regard does not leave the corporate directors in UK in the lurch. Thus, as per Justice Austin, in the absence of any explicit provisions under the UK Companies Act as regards to the business judgement rule, but the shareholders may avail safe harbour provisions through the ratification of director’s decisions by the

IP 5 - Accounting Term Paper Example | Topics and Well Written Essays - 1250 words

IP 5 - Accounting - Term Paper Example Accounts Receivable: They are recorded at their book value less reserve for doubtful receivables. They consist mainly of real estate, marketing suppliers, customer debit and credit cards that take more than seven days to be processed. Cash and Cash Equivalent: reports investments that mature in less than three months to be cash equivalent. Also, debit and credit cards and electronic transfer transactions that take less than a week to be processed and cash from banks are included. Inventories are valued at the lower of cost since the permanent markdowns are offset from the retail value of the inventory. They use LIFO method to manage inventory in Wal-Mart USA, and FIFO method in Wal-Mart international. Valuing inventory at lower of cost leads to sometimes undervaluing of some inventory(n.a, 2015). Property, Plant and Equipment are recorded at bookvalue. The costs incurred in major improvements are recorded as capital and costs incurred from normal maintenance and repairs are charged as expenses in the income statement. Depreciation of assets is on a straight line basis. Goodwill and intangible assets are valued at fair price through valuation methods. Indefinite life assets and goodwill are not amortized but are annually evaluated for any impairments and during events that might affect the value of the assets Income tax- Deferred tax liabilities and assets are measured using tax rates applicable in the year the temporary differences are to be settled or recovered. Provision for income tax is calculated by using an annual tax rate based on income, the statutory income tax rates and the permanent differences between the tax and book income (n.a,2014). Wal-Mart Company is infamous for the 24 million dollar cover up in Mexican Bribery that occurred in 2012 (Frankel, 2012). This scandal raised questions on the integrity of Wal-Mart’s internal

My Nursing Philosophy Essay Example | Topics and Well Written Essays - 750 words

My Nursing Philosophy - Essay Example The nature and aspect of taking care of other people in the field of health is an incredible phenomenon to most nurses. Personally, I consider it a calling to assist and aid people who are in need of medical assistance and care in this field. The care of individuals from all walks of life and the different circumstances that every one of them faces is what drives me to be better at what I do. In advocating and promoting for a safe environment in which individuals of all ages, sex, and backgrounds can acquire treatment and rehabilitation, I can say that this field offers me satisfaction, which makes me believe I am changing the world. This is even if it is in the smallest way possible. Nursing, in my opinion, is the use of clinical judgment to protect, advocate, and promote for an environment that allows people to heal and live their lives to the fullest. Health is one of the elements in nursing that aids nurses in trying to comprehend the manner in which patients are to be treated wh ile in their care. The use of every available power in the nurse’s repertoire is required in this case to allow the natural order of things to take control when caring for a sick person. It is the nurse’s duty to ensure that the patient is as comfortable as they need to be while providing them with the necessary help. This is in terms of clinical assistance that may allow them to go back to their natural state of health. Nightingale (1859/1992) claimed that the art of nursing is to â€Å"unmake what God had made disease.† This statement indicates that the primary goal of nursing should be the patient’s health, which should take precedence over everything else (Parker & Smith, 2010). Environment The environment in which most patients are exposed to may determine the existing health conditions. Poor and deteriorating environments can lead to poor health and a higher level of diseases. The doctors and physicians present in the healthcare environment need to be particularly careful when handling the sickly. Doctors may be the most crucial factor in the healing of sick people in the hospital. It is the belief of countless individuals that the doctor’s clinical and professional decision in the healthcare environment is final. Failure to abide by these decisions may lead to dire consequences. It is, therefore; crucial for most of the physicians in the field to be in a position to handle most of the cases that are reported in health facilities. Maintaining an aura of professionalism on the physician’s part can work toward preserving a patient’s dignity. This is what the medical environment should be all about, and nurses assist in making this a reality. Nursing It may be different from practicing medicine because nursing is all about care of the patient/client. Placing an individual in need of care, in the best conditions, is the principle element behind nursing. Promoting health through some of the activities in the nu rsing field is what brings out the caring aspect of nurses, which differentiates them from physicians and doctors. Creating the conditions that best suit the patient can be done by anyone, but nurses know what best to do in certain, if not all situations. The proper use of different elements in the health environment should help restore clients to their natural state. Elements such as; fresh air, cleanliness, quiet, and administration of proper diet are vital to the patient’s healing. Person The biological, spiritual, psychological, and social aspects of persons/clients/patients make them multidimensional. This makes every individual unique to their present situation, and how they might relate to their medical conditions. Dealing with all individuals, regardless of their age, is difficult. Take for instance a case where an individual may be dying from an incurable disease and has already given up and may not want treatment to help them cope with their situation. Such a case i s particularly difficult for nurses

The Financial and Banking System Of Australia Essay

The Financial and Banking System Of Australia - Essay Example ................................19 Would You Approve Lines Of Credit For Banks In This Country?.............................................20 Appendices†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦21 Table 1.0 List of Banks†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.22 Works Cited†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..24 I. Geography. The continent is a self governing country that is a part of the commonwealth federation. It is currently bounded by the Timor sea, Ara fura sea, Torres strait, Coral sea, Tasman sea, Bass strait along with the Indian ocean (Verdier, p.11). It is the smallest continent found on the globe and the sixth largest country in the world. Its capital is found in Canberra with Sydney being the largest city found in the country (Weerassoria, p.16). It additionally comprises of six states which include New South Wales, South Australia, Tasmania, Queensland, Victoria along with western Australia. The continent also comprises of two territories which are the Australian Capital along with the Northern one. The land forming the continent measures about 7, 614, 500 sq km (Gup, p.41). It also has dependencies such as the Ashmore territory, Cocos islands, Christmas islands, the Antarctic territory, the coral sea islands, Heard island along with the Norfolk islands (Miller, Vandrome & John, p.34). II. History Of The Country. The first occupants of the Australian continent were the aborigines who are believed by anthropologists to have migrated into the continent some fifty thousand years ago... Due to a rise in the sea level, The Tasmania was separated from other islands that were offshore (Gup, p.46). The Malaysian, Chinese, Indonesian along with Arab traders are estimated to have come to the northern part of Australia in the year 1500AD. The western countries only came to know about the Australian continent in the 17th century. The continent was the last discovery of new land that the western world made but was colonized by their powers (Weerassoria, p.23). Portuguese sailors are believed to have reached the eastern coast of the continent at around the 15th century when they were looking for a sea route connecting Africa and India. Spanish sailors led by Luis Vaez de Torres in the 16th and 17th century first saw the Australian continent but did not get there as their interests were further north in the Philippines (Gup, p.56). It is the Dutch who were using more advanced sailing ships who were responsible for making the discovery of the continent a reality during the 17th century. This occurred when they creating trading centers between Africa and Indonesia. They did not however settle in the continent as they found nothing of interest for their businesses (Miller, Vandrome & John, p.67). Their voyages and discovery of the Australian continent thus brought the British into the land. This came during the Enlightenment age that occurred in the 18th century with the stressing of scientists along with philosophers on the importance of worldwide exploration (Verdier, p.19).

Abolition of Capital Punishment Essay Example | Topics and Well Written Essays - 2250 words

Abolition of Capital Punishment - Essay Example On the other side are those that the first side calls the "abolitionists", people like this writer who are against capital punishment and who want it abolished. This paper explains the reasons why capital punishment must be abolished, analyzing and explaining the opposing views in the hopes that such a position is objective, reasonably justified and supported.Undoubtedly, the question as to whether it is right and just to take away the life of a human being, no matter how wretched or criminal, is an issue that contains a high degree of intellectual and emotional content. This is an issue that affects us all, and the materials available on the topic are charged with a load of subjectivity, unavoidable because individual and collective perceptions differ on several key points of the issue, and concepts such as "justice", "punishment", "heinous", and "crime", just for starters, admit varying degrees of propriety. Take, for example, the term "just punishment". Who determines what is just, and when is a punishment just Why is it a just punishment to sentence to death a serial killer found guilty of murdering a dozen victims, compared to the "just punishment" of a politician who sent tens of thousands of soldiers to die in a "useless" war (think thirty-plus years ago) by not getting re-elected to another term While one might say that serial murder is an unjust crime and that fighting a just war is not, the fact that legal concepts resting on a foundation of laws created by men (and women) allows a flexibility of interpretation that strikes at the core of our discussion. Doubts about the shaky foundations on which an argument (or a part of it) rests should at the least lead one to conclude with intellectual honesty that in the face of uncertainty, would it not be best to stay on the side of caution Such is the basic position of this writer given the complex nature of the issue at hand: that capital punishment must be abolished because the empirical evidence on which to establish intellectual certainty seems to be in favor of a cautious course of action. Before considering the empirical evidence such as statistics and the more commonly-known public arguments presented by either side, the most logical starting point to defend this writer's intellectual position is to define the concepts that facilitate our understanding of the issue: the value of human life, justice as a concept and a system, crime and punishment, order, and society. The core of the capital punishment issue is the value of human life. Those who support the death penalty cite it as a core of their argument for social justice to be satisfied. They argue that putting to death the person who took away a life (or many lives) would give just satisfaction to the victim, to those the victim left behind (family and friends), and also to the social order, a characteristic of society whereby justice needs to be upheld for order to be established. A corollary is that if justice is not served by a like-for-like punishment where the criminal is made to suffer the same fate (death) as the victim, society would end in chaos as people would not be deterred from committing the same crime (Anderson, 2005). The basic faults of this line of argument are the deceptive and contradictory valuation of human life, its flawed strategy for restoring and establishing social order, and a faulty view on the deterrent

Depression, how would you work psychoanalytically with this diagnosis Essay

Depression, how would you work psychoanalytically with this diagnosis - Essay Example What art is to Pollack, studying is to me when it comes to demystifying an enigma. Thus, I am finally conquering my fears and writing about depression for this paper. In reading about it, I realized the many depressive stages in my life and bore resistance to understanding them. Now, it is clear to me that such resistance was due to not wanting to touch on the depressive condition and come face to face with my own depression. I know that studying in-depth and writing about this sensitive topic would be beneficial not only to my readers but also to me as a psychotherapist and as a flawed being in the dark who finally wants to see the light. This essay commences with the etiology of depression followed by some psychodynamic theories about it. It then presents a clinical example of a case study that is analyzed using the discussed theories. A reflective critique then follows as I give my own opinions and views about the use of psychoanalysis in the treatment of depression. Depression is associated with â€Å"feelings of extreme sadness† which not only last for long periods of time, but it is also recurrent and may further develop into suicidal tendencies (NHS, 2010). It is usually manifested with negative behaviors stemming from negative emotions. Sometimes, the person experiencing it is not even aware that he is undergoing depression. Its concept as a serious and debilitating illness, one which has had great impact globally, has become recognised within general medicine and the public eye in more recent times (NHS, 2010). Examples of symptoms which form the diagnostic criteria for depression include: depressed mood; fatigue or loss of energy and recurrent thoughts of death or suicide, which may be noticed in most circumstances through General Practitioners. In turn a diagnosis is generated following an interview of the patient with the application of

Toyota’s Accelerator and Public Relations Crisis Essay Example for Free

Toyota’s Accelerator and Public Relations Crisis Essay One of the world’s top automakers, Toyota was once one of the leaders in automobile and business improvement and manufacturing. However, in 2009 the top builder of reliable and high quality cars went through one of the largest recalls in the history of the United States. Consumers had considered Toyota one of the top in the race for automobile and automobile selling among car manufacturers. They have always had a reputation as being a leader of quality and efficiency in terms of their production and manufacturing standards. Since the recall Toyota has taken a tremendous blow to its reputation and its loyal customer basis. Consumers are questioning whether Toyota was hiding the truth from the public regarding their well know accelerator issues and why they were trying to fix the problems after the issue became serious and not immediately. Some may question if this incident will permanently affect Toyota’s reputation or if Toyota handled this situation properly. In this paper we will discuss these questions as well as the cause of the problem. Several different Toyota and Lexus models were reported to have gotten in accidents regarding acceleration issues. The accelerator’s in some of the Toyota models were getting stuck, which did not allow the drivers of these vehicles to slow down or stop in time to prevent an accident. When this issue was originally brought to light Toyota claimed that â€Å"faulty floor mat placement† was to blame and that the gas pedal would get stuck behind the floor mats which would cause the inability to slow down or stop. According to Bob Carter, general manager of the Toyota-brand division of Toyota Motor Sales USA â€Å" The risk of the accelerator getting jammed is strictly a problem of unintended loose or ill fitting floor mats ( Niedermeyer)†. â€Å"Toyota refuted speculation in the press that other defects might be causing its vehicles to accelerate uncontrollable, citing its own and federal safety studies (Niedermeyer)†. After further investigation by the National Highway Traffic Safety Administration the actual problem may not have anything to do with â€Å"faulty floor mat placement† but with several model’s accelerator  mechanism. They found that â€Å"the design of the accelerator pedal (â€Å"one-piece, nonarticulating†) allowed it to become easily entrapped in the groove of the rubber all-weather floor mat if the rubber mat was not properly secured with at least of the two retaining hooks (Jensen)†. Toyota finally issued a consumer safety advisory to all Toyota and Lexus owners at the end of September 2009 and at the end of October 2009 mailed certain Toyota owners safety notices to alert them of the potential problems. It is still unknown the exact date that Toyota knew their models were faulty but it is known that reports of the faulty vehicles began arising as early as 1999. The initial problem was not made public until problems persisted over the next 10 years. Even then it took the death of 4 individuals in California driving a Lexus with a stuck accelerator to final discuss Toyota’s accelerator issues. Toyota then announced they would be recalling millions of models of Toyota Vehicles. There were several Toyota models effected which include the company’s three best sellers- the Camry, Corolla, and Rav4 SUV. â€Å"Between them, they accounted for more than half of the Toyota brand’s U.S. sales in 2009 (Isidore)†. Although Toyota should have taken this situation more seriously years ago when the problem first happened, are they really to blame? When the accelerator problem happened to only a few vehicles throughout the years it’s hard to say that Toyota is to blame. I think the fact of the matter is that they tried to pass the buck blaming the floor mat placement instead of really investigating the issue. Had they investigated the issue more carefully consumer’s confidence in Toyota may not have been tarnished. People are not buying a Toyota for just their looks, they are buying the Toyota brand because of the fact they are known to be a reliable and safe vehicle that can last â€Å"forever†. Chris Isidore says it best when he says† For years, Toyota Motor was the automaker that could do no wrong. Now it’s made a major mistake likely to have a lasting impact on the company (Isidore)†. Not only did the recall effect some of Toyota’s best selling vehicles it caused five North American plants to halt production which affected about 14,000 employees. To halt production to its vehicles is tough in an economy where there is strict competition. Erich Merkle, president of Autoconomy.com, an industry analysis  firm says â€Å"American rivals like General Motors and Ford Motor have similar vehicles to the ones recalled by Toyota, which are far more competitive than they’ve been previously. Loyal Toyota customers who decide to look at other offering are more likely to find something they like than they might have been in the past. Toyota fending off those rivals was going to be enough of a challenge without the safety issues.† Toyota does realize the negative impact this recall has is definitely not positive but they are determined to restore consumer’s confidence in their products. Many experts think that â€Å"the damage to the Toyota brand and the company’s sales may already have been done (Isidore)†. Toyota’s stock prices have gone downhill ever since the news of the recalls went public. Although the company is trying to resolve the issue with their floor mats and accelerator issues the media and customer dissatisfaction have put the company in a tight spot to respond to its troubles. This has cause competitors like Ford and Hyundai to react quickly and offer Toyotas customers incentives to trade in their Toyota’s for one of the competitor’s models. Some are even offering incentives of $1,000 and 0 percent financing to attract Toyota’s customer base. Every brand has its strengths and weakness. Toyota focused on a sub branch approach, in which most of its cars are linked to a single corporate brand. For Toyota that means that a problem with any vehicle at Toyota will not only affect sales of the effected model in question but to its entire inventory of vehicles. Therefore it comes as no big surprise that several of their vehicles were included in there recall. Audi was another car manufacturer that went through a very similar recall issue with accelerator problems. The overall impact this had on Audi was crucial. The resale value of the Audi 5000, which had been involve in a number of fatal accelerator accidents declined significantly as a result of the recall. This also had a snowball effect on other Audi vehicles such as a the Audi 4000, which lost significant resale value, and to a lesser extent also effected the Audi Quattro all due to the fact that they were a part of the same company. Any technical hitch with one car can als o mean problems with others when the auto world in known for using shared parts and technologies across multiple models. Another recall that that was notorious in history was with the Ford Pinto. This was definitely not one of the largest recalls because it only  affected about 1.5 million vehicles but some considered it the most dangerous. With this recall a driver could be subject to an exploding gas tank in the event of an accident. Initially Ford didn’t even want to recall these vehicles and would have rather dealt with lawsuits, which sparked a huge public outcry. In 1995 Honda another car manufacturer that is know for its reliability also had a recall on the Honda Accord and several other Honda and Acura models. This recall affected about 3.7 million vehicles. The main cause of the recall was the seat belt chassis, which had become either broken or unreliable in many cars. Chevy, Ford, and GM have also had their fair share of significant recalls throughout the years. These recalls affected millions as well. Most people realize that at one point or another something is going to wrong with their car. Repairs are to be expected and for the most part most cars and trucks will at some point have a recall. Recalls address safety problems, whether they are minor or major. Toyota’s recall was not so much a part had to be recalled but more of the fact they tried to blame it on the placement of a floor mat. When companies try to bush issues under the rug that’s when people remember. Although at this time the recall may affect Toyota negatively overall I think its customer’s will remain loyal. When bad things tend to happen, companies need the right strategy for talking their way out of a mess and avoiding a tarnished reputation. Choosing the best way to respond is not always easy but can make a difference towards the company’s survival. Toyota was aware there were issues with the accelerators and waited until they were in a crisis to resolve this issue. Toyota response to the recall not only affected its consumer base in the US but may have had the same negative impact with its Chinese consumers. One report indicated that â€Å"the large majority of Chinese car consumers (74 percent) are aware of Toyota’s present difficulties. Almost every two out of three of these consumers acknowledge that their confidence in the Japanese car maker has been affected (62 percent) and that the current recall practice degrades their image perception of Toyota. Among the owners, the impact is much less important though, as only a little less than one in every seven Toyota cus tomers strongly agree on a degraded image perception and decrease in trust (15 percent), compared with one out of  every four car owners of competitor brands (27 percent and 25 percent respectively) (WPP)†. The real question is did Toyota handle this situation correctly? The most important thing Toyota did was keep their customers informed, even if it was what some considered a delayed response. They issued recalls on all affected vehicles and they stopped production on their vehicles which shows consumers they are willing to correct the problem. They are also not willing to restart production or release any affected vehicles before the problem is correct. They have been working with dealers to manage the process of the recall as best as possible to limit customer dissatisfaction. With all of these positive approaches Toyota is trying to make, the concerns consumers still have are the overall reliability of Toyota and the potential effect this recall may have on the resale value of their vehicles. Several people have commented on their feelings towards Toyota after the recall. The majorities have been loyal Toyota customers that have owned one or more Toyota vehicle and the others have never owned a Toyota. Many of the Toyota customers felt that the media made a monster out of this recall and caused fear and panic in consumers. They also felt that the media created this perception that Toyota’s were no longer a reliable vehicle. Other people who never owned a Toyota feel that the Toyota name will be tarnished and that these problems were to be expected. If people really looked at the whole picture they may find these comments to be true. For several years car manufacturers have been sending out recalls. This is not the first one in history to happen and it will surely not be the last. Most industries anticipate for supply and demand. Toyota sales may have gone down since the recall but that is to be expected. Car industry forecasters do not anticipate that Toyota’s loss will cause a drop in overall demand. As long as Toyota continues to make new cars, people will buy them. May reports have indicated that people who initially thought about purchasing a Toyota before this major crisis would still purchase one. They realize that this recall is no different then other recalls that have happened through out history, with maybe the exception that Toyota did not act as quickly as the media and some consumers expected they should have. Toyota is a well known company. They will bounce back from this crisis eventually and may even try to offer its  customer’s incentives to purchase vehicles through one of their dealers that other car dealers may not be able to offer right now. Overall this recall just like anything else will pass and Toyota’s sales will be among the top again. People realize that the perception the media creates can sometimes have a long lasting impact, but then something else bigger will happen and things will return right back to normal for Toyota. It is a vicious cycle that we all live in. What people may lose now in resale value is really nothing major. People can actually benefit from this by purchasing a used Toyota at a lower price than what they would have had to pay years ago. Overall Toyota has a long history of loyal customer. This and the fact that Toyota is know for being a good quality car will allow it to bounce back from some mistakes they have made during this recall. Although its reputation may have been tarnished to some extent, they still have several loyal customers that will continue to purchase their vehicles through Toyota. This is just another obstacle they will get through. They will be able to use this incident to improve on their vehicle production and rebuild the Toyota brand and image. Works Cited 1. http://wheels.blogs.nytimes.com/2009/10/01/toyota-floor-mat-problem-was-known-two-years-ago/ 2. http://money.cnn.com/2010/01/27/news/companies/toyota_sales_halt/index.htm?postversion=2010012718 3. http://www.thetruthaboutcars.com/2009/11/toyota-fllor-mats-absolutely-positively-100-certainly-the-problem/ 4. http://www.nytimes.com/2011/02/09/opinion/09wed2.html1?_r=1 5. http://www.insurancejournal.com/news/national.2010/01/29/106990.htm